Purchase price: $279,000 Cash invested: $45,000 Sale price: $425,000 Off-market property I found, contacted the sellers and proposed a cash offer of $279K "as is" (suggesting we would clean out the entire property & dispose of whatever the sellers didn't want.).

Welcome @Amauri Campos, you chose a great market for sure..

I have about a year of property management experience in the Iowa City market through an internship.

How did you find the right market?

I’ve tried driving for dollars, cold calling , as well sites such as Facebook marketplace .Any mobile investors , wholesalers or anybody in the area with strategies on getting more deals ???

We discussed that in 2 years he would either sell, Rent it out ( and we co own the rental)  or buy me out of my share at present market value.  

Stock market returns estimated to be much lower next 10 years.

However, something to consider is that in midwest markets, big multi family properties tend to attract lower quality tenants.

Connecting with other wholesalers is a great way to learn the ropes and find leads.

@Eric Lahoda, is it typical in your market to charge fees for those items separately?